How to Leave Money to Your Kids – But Not Their Spouses
Let’s face it: not everyone likes the people their children choose to marry. And when you’re planning to pass on your assets to your children, you may wonder whether their spouse will receive those assets, as well.
If you’re taking the first steps thinking about this process, you’ve probably already learned the difference between a will and trust. They are both legal documents that an individual can use to outline what happens to their assets when they die, but there are some differences between the two.